John Patrick Donnelly of Houston Texas a stockbroker currently employed by Merrill Lynch is referenced in an investment related civil action in which unspecified damages were alleged supported by accusations of Donnelly failing to adjust the customer’s retirement account resulting in unintended beneficiaries receiving assets from a customer’s Merrill Lynch account. Civil Action No. 477195-401 (Sept. 16, 2020).
Donnelly has been identified in five additional customer initiated investment related disputes concerning accusations of his sales practice violations while employed by securities broker dealers including Chase Securities of Texas and JP Morgan Securities. FINRA Public Disclosure reveals that a customer initiated investment related complaint regarding Donnelly’s conduct was settled for $11,318.32 in damages founded on allegations of sales practice violations at Chase Securities.
Another customer initiated investment related complaint involving Donnelly’s conduct was resolved for $46,687.02 in damages based upon accusations of unauthorized Freddie Mac securities transactions in the customer’s account. Donnelly is also the subject of a customer initiated investment related complaint where the customer requested unspecified damages supported by allegations of bad foreign debt transactions being executed in the customer’s account at JP Morgan.
An additional customer filed an investment related complaint in regard to Donnelly’s activities in which the customer sought unspecified damages founded on accusations that inappropriate foreign debt investments were sold to the customer during the time that Donnelly was associated with JP Morgan. The stockbroker is also referenced in a customer initiated investment related complaint where the customer requested unspecified damages based upon allegations that the JP Morgan customer was unsuitably sold commercial paper which produced losses for the customer’s account.